The primary aim of carbon trading is to encourage reductions in emissions by assigning a monetary worth to the reduction of carbon footprints. Companies that invest in cleaner technologies or embrace sustainable practices are incentivized for their endeavors. Conversely, entities facing challenges in meeting their emission targets can offset their surplus emissions by procuring credits from counterparts. This mechanism fosters a competitive and market-oriented approach to addressing carbon emissions, explains Mr. ES Ranganathan. For more information read our full blog.

Read more: https://www.outlookindia.com/business-spotlight/carbon-trading-a-game-changer-in-india-s-environmental-endeavours-says-es-ranganathan-news-305355